The SpaceX IPO Just Made Elon Musk a Trillionaire — and the Crypto Crowd Is Spiraling
When the biggest IPO in history lands, even crypto Twitter stops arguing about altcoins for five minutes
Ticker Ratings
Let's be honest: $SPCX making its $75 billion NASDAQ debut and immediately ripping 27% to $172 is the kind of event that breaks the crypto discourse. Reddit's finance communities spent the week arguing whether this is the most important IPO since Google or the most dangerous since WeWork. Spoiler: both camps have a point.
The bull case is genuinely wild — 80%+ of global mass to orbit, Starlink pulling ~$11B in connectivity revenue, and a fast-growing xAI data center business that Brad Gerstner says just locked in $27 billion in AI revenue from Anthropic and Google in six weeks. Jim Cramer called it an 'A plus' deal. Jim Chanos called it 110x revenues and compared the vibe to 1999. These two men have never agreed on anything, and somehow they're both describing the same stock.
Ross Gerber is already beating his chest about tripling his X investment and holding SpaceX in his personal account. Retail flooded the debut, making $SPCX the most-bought stock on opening day per Vanda data. The hype is real — so is the valuation risk. When Jim Chanos is the cautious one and Jim Cramer is the optimist, you're officially in uncharted territory.